3 Worst Mistakes To Make In Business (Business Tips)
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\nStory of Victoria Secret
\nVictoria's Secret was founded by Roy Raymond, and his wife, Gaye Raymond, 1977
\nRaymond was embarrassed when purchasing lingerie for his wife at a department store. Raymond reportedly spent the next eight years studying the lingerie market.
\nRaymond borrowed $40,000 from family and $40,000 from a bank to establish Victoria's Secret: a store in which men could feel comfortable buying lingerie.
\nRoy thought that Victoria secret would plateau at this stage. He then moved onto another business venture
\nVictoria\u2019s Secret had a revenue of $6 million dollars. Roy sold Victoria Secret for only $1 million dollars.
\nHis next business ventures failed, his marriage deteriorated, and he took his own life just 10 years after the sale and 3 years after his divorce
\nLeslie Wexner, the man who bought the business is not worth several Billion dollars
\nLessons:
\n1 in the hand better than 2 in the bush
\nForgetting why you started
\nNot believing in yourself
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